The global dumper truck market is anticipated to grow at a CAGR of 8.0% during the forecast period (2022-2028). A dumper truck (also known as a dumping truck, dump truck, dump trailer, dumper trailer, dump lorry or dumper lorry or a dumper for short) majorly finds its applications in transporting materials for construction such as sand, gravel, iron ore as well as other materials such as coal. The market growth is majorly attributable to the growth in the construction and mining industries has led to the higher acceptance of off-road vehicles such as dump trucks, which are used for transporting materials. Adding to this, the constantly growing introduction of new coalfields and mining sites for energy production activities in cement, steel, and power sector is also projected to augment the market growth.
Apart from this, other key factors driving the market growth include the rising expenditure from government related to transportation and infrastructure, strict emission regulations imposed on manufacturers that mandated manufacturing companies to introduce advanced dumper trucks with refined engines in order to reduce their carbon footprints and qualify the mining environmental norms and standards. Further, technological advancements and addition of novel features are also driving the global dumper truck market. For instance, in December 2020, Inner Mongolia North Hauler Joint Stock Co., Ltd. (NHL) provided 20 autonomous NTR100A dump trucks to a cement manufacturer in China. These trucks are equipped with the Allison 8610 ORS automatic transmission, which allows the trucks to function in harsh environments and enhance performance in roughest mining applications.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Product Type
By Application
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape:
Daimler Industries, Inc., General Motors Co., and Caterpillar Inc., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
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https://orionmarketreports.com/global-dumper-truck-market/108442/
Global Dumper Truck Market Report by Segment
By Product Type
Gasoline
Diesel
By Application
Logistics
Mining
Food Industry
Chemical Industry
Others
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